Business

Universal Orlando Theme Park Resort Will No Longer Offer Health Insurance to Part-Time Employees, Citing ObamaCare

February 20, 2013

“The giant theme-park resort, which generates more than $1 billion in annual revenue, began informing employees this month that it will offer health-insurance to part-timers “only until December 31, 2013.”"

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Google Unveils High-Tech Glasses

February 20, 2013

“Google began selling Glass developer prototypes called Explorer last year for $1,500 that are due to ship this year.”

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Merger: Office Depot Buying Out OfficeMax

February 20, 2013

“On the call, Austrian took issue with a characterization of the deal as an acquisition by his company, preferring to call it a merger of equals, though the ownership breaks down 54%-46% in Office Depot’s favor.”

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Report: United Kingdom Government Warned of Illegal Horsemeat as Early as 2011

February 19, 2013

“The Government was last night urgently investigating allegations that ministers were alerted as long ago as 2011 that illegal horse meat was entering the food chain.”

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Nestle Recalls Buitoni Beef Ravioli and Beef Tortellini Sold in Spain and Italy Due to Horsemeat Presence

February 19, 2013

“Nestlé, which is based in Switzerland, said it had increased testing after the discoveries of horse meat in British foods and “traces” of horse DNA in two products made with beef supplied by a German company, H. J. Schypke.”

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Apple Inc.: Hackers Infiltrated Employee Computers Through Java Vulnerability

February 19, 2013

“The flaw was also used to compromise Macs at other companies, including a recently disclosed attack at Facebook.”

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President Obama Issues Executive Order to Protect Critical Infrastructure From Hackers

February 19, 2013

“The eight-page order represents a major attempt to shore up the country’s digital defenses against the new threats emerging from China, Iran and elsewhere — though it will require later intervention by a divided Congress.”

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Report: Chinese Military Linked to Hacker Group Targeting U.S. Businesses

February 19, 2013

“The Wall Street Journal reports Internet security company Mandiant says in the report it traced 141 major hacking attempts to a People’s Liberation Army building in Shanghai, 115 of which targeted U.S. companies or organizations.”

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Beef-Tainted Horsemeat Scandal Spreads in Europe

February 17, 2013

“The scandal emerged in mid-January, when Irish food inspectors announced they had found traces of horsemeat in some frozen beefburgers stocked by UK supermarkets.”

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Report: Federal Reserve Let Bank of America Off the Hook For Mortgage Fraud in July 2012

February 17, 2013

“Late last Wednesday, the New York Fed said in a court filing that in July it had released Bank of America from all legal claims arising from losses in some mortgage-backed securities the Fed received when the government bailed out the American International Group in 2008.”

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World’s Richest Men Carlos Slim and Bill Gates Open Agricultural Research Center in Mexico

February 17, 2013

“The new complex will double the center’s capacity to develop better seeds and more productive farmers in the developing world, officials said.”

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American Airlines Approves Merger With U.S. Airways to Create the World’s Largest Air Carrier

February 13, 2013

“The merger rescues American from bankruptcy and marries the much smaller US Air into a partnership with the muscle to compete with Delta Air Lines and United Airlines, both of which have grown through recent mergers.”

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Project on Government Oversight Report Highlights Securities and Exchange Commission’s “Revolving Door”

February 12, 2013

“By way of example, it says that in three cases against UBS, after enforcement actions threatened to limit the giant Swiss bank’s ability to issue new securities, the bank hired former S.E.C. lawyers.”

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Documents: United States is Target of “Sustained” Cyber-Espionage Campaign From China

February 11, 2013

“Over the past five years, the Chinese have focused their efforts on businesses operating in finance, technology, and aerospace, among others, according to the Post.”

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San Jose, California Endorses Plan For $82 Million Private Google Airport

February 8, 2013

“San Jose should accept an offer by a major airport operator to build an $82 million private airport for executives of Google Inc. at Mineta San Jose International Airport, a city official said.”

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